Delinquencies are soaring: Unpaid credit cards bedevil Americans. (A hat tip to Craig S. for sending us this.)
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An Ambrose Evans-Pritchard article was mentioned the at CometGold Forum (at Contrary Investors Cafe) and by nearly a dozen SurvivalBlog readers: Crisis may make 1929 look a ‘walk in the park’. Here is a key quote: “Liquidity doesn’t do anything in this situation,” says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression. “It cannot deal with the underlying fear that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue.”
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Led by milk, food prices keep climbing, climbing, climbing. And see this related news story: The Fed Can’t Save Us from World Food Shortages
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Mentioned once before on SurvivalBlog, here is Australia’s “Food Lifeboat ” web page put together by the staff of the University of Sydney: The Food “Lifeboat”: food and nutrition considerations in the event of a pandemic or other catastrophe